MiFID_II_EN

18 Financial institutions will have to inform you more adequately about the nature of their services . They must let you know beforehand whether they provide investment advice on an independent basis, i.e. whether they make an extensive analysis of the different types of fi- nancial instruments. If they recommend you a certain product, the financial institutions will have to justify in writing why that product exactly meets your investment objectives (in a so-called ‘suitability report’). Once they have provided investment advice and you have purchased a product, the financial institutions will also have to indicate whether they will continue to monitor this product and verify whether the product matches your investment profile. You also need to know how and how often they will monitor and verify. How does MiFID II improve information?